A Robust Centralized Peer-to-Peer Energy Trading in the Energy CommunityShow others and affiliations
2024 (English)In: IEEE International Symposium on Sustainable Systems and Technology, 2024, p. 185-190Conference paper, Published paper (Refereed)
Abstract [en]
Microgrids have been developing nowadays as aninitiative aiming to operate modern power distribution systemsmore reliably and efficiently. With the decreasing price ofbattery energy storage systems (BESSs), BESSs are highlyrecommended to be exploited in the operation of microgrids inthe distribution network system. The advancements in BESS,increasing trends of distributed generation, and proliferation ofthe prosumer community require effective energy utilization inthe microgrid paradigm. The Peer-to-Peer (P2P) energy tradingmechanism establishes a marketplace where prosumers canengage in energy transactions, reduce energy consumption costsand increase resilience. However, it leads to a complicatedproblem particularly when multi-energy systems participate theenergy trading. In previous studies, P2P trading models havebeen primarily considered with only prosumers possessingrenewable energy resources. However, it is believed thatdynamic components such as BESS and the Distribution SystemOperator (DSO) will continue to have a significant role in theLocal Energy Market (LEM). This paper therefore proposes atrading model in a prosumers-based P2P in the LEM thatincludes several local energy providers and pure energyconsumers, in addition to a market community coordinatorwhich is namely a P2P market manager (P2PM). In theproposed market model, each prosumer is considered a marketparticipant, who tends to negotiate with each other in a way thatfollows their benefits. Each prosumer has a different distributedgenerator photovoltaic (PV), wind turbine, and storage unit tosatisfy its load demand. To handle the market clearing andenergy balance problem, the P2PM is responsible for theimplementation of functions for the centralized problem of theP2P model. The results of two different cases for the proposedLEM scheme are compared to verify the effectiveness of thesolution.
Place, publisher, year, edition, pages
2024. p. 185-190
Keywords [en]
energy trading, energy market, market clearing, peer-to-peer transaction
National Category
Energy Engineering
Identifiers
URN: urn:nbn:se:mdh:diva-69282DOI: 10.1109/sst61991.2024.10755191ISI: 001440841000030Scopus ID: 2-s2.0-85212849555ISBN: 979-8-3503-8639-4 (print)OAI: oai:DiVA.org:mdh-69282DiVA, id: diva2:1918548
Conference
6th IEEE International Conference on Smart Systems and Technologies, SST 2024
Funder
Knowledge Foundation2024-12-052024-12-052025-10-10Bibliographically approved